Some Quick Lessons For Entrepreneurs How To Build A Blockchain Startup

Amid the ongoing buzz around crypto and blockchain in India, several entrepreneurs are aiming to enter the sector and build world-class products. For such young souls, some of the leading subject experts gathered under one roof to decode the playbook at The Crypto Summit by Inc42 Plus and CoinSwitch Kuber. Hear it from them how creators can unlock their true potential in the field of blockchain. 

Jenil Thakker, Founder and CEO of Coinvise

It is important to have a token when you have a strong community surrounding it. Token economics can be done well, but if the community is not strong it can be a disaster very early.

We are trying to find what our community feels and figure out a use case and then in future might launch a token.

Anuj Kumar Kodam, cofounder and CEO of Wall.app 

Non-fungible tokens (NFTs) provide a level-playing field for artists who don’t have access to the global market. Talking about finding a co-founder, he said that it’s a long journey. It’s almost a second marriage because you are spending a lot of time. Communities help new creators grow and crypto is helping in doing that. 

Mayur Relekar, Founder and CEO of Arcana

I think it is important to have proof of work that you can put in for a community to get behind you and back you. Having the right people from the get go is the key  If you want to stay in this business for a long time, it is super important for a founder to involve the right people.

Firdosh Sheikh, Cofounder and CEO at DRIFE

Random conversation with Uber helped me start DRIFE. In the B2C segment, it is very important to get out there and understand if the problem really exists. 

You can’t just enter the market and plan to challenge well-established products. It is very important to understand the pain points in the area.

Ayush Ranjan, cofounder and CEO at Huddle 01 

At Huddle01 we are building the world’s first video conferencing platform based on blockchain. We are a team of 10 people and just closed our seed funding. We are focusing on security and trying to bring down the latency.

Our end goal is simple – its people who have a decent internet connection can run a node on Huddle and become a super node and a part of the circle.

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